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Intel's Board of Directors acted swiftly on leadership replacement after finding CEO

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  • 20 Jun 2018
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Intel's Board Exhibited Good Governance in Leadership Change Following CEO Resignation

Following the news of Intel CEO Brian Krzanich's resignation after reports from an investigation uncovered his past "consensual relationship" with an Intel employee, the Board of Directors moved switfly to appoint an interim CEO. The acts violate the company's non-fraternization policy which applies to all managers. The board named Chief Financial Officer Robert Swan as interim CEO, effective immediately. "If you have a policy in place, for which other employees would face punishment if they violated it, I think [the CEO resigning] is the right thing to do," said Charles Elson, the director of the John L. Weinberg Center for Corporate Governance at the University of Delaware. "If you don't do that, then you have problems because you can't expect others to follow a policy that a CEO himself doesn't follow."

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